[Federal Register Volume 60, Number 23 (Friday, February 3, 1995)]
[Notices]
[Pages 6702-6703]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-2660]



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[[Page 6703]]

COMMODITY FUTURES TRADING COMMISSION


Chicago Mercantile Exchange Application for Designation as a 
Contract Market in Mexican Peso Futures Options

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of availability of the terms and conditions of proposed 
commodity futures option contract.

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SUMMARY: The Chicago Mercantile Exchange (CME) has applied for 
designation as a contract market in options on its physical delivery 
Mexican peso futures contract. The Director of the Division of Economic 
Analysis (Division) of the Commission, acting pursuant to the authority 
delegated by Commission Regulation 140.96, has determined that 
publication of the proposal for comment is in the public interest, will 
assist the Commission in considering the views of interested persons, 
and is consistent with the purposes of the Commodity Exchange Act.

DATE: Comments must be received on or before March 6, 1995.

ADDRESS: Interested persons should submit their views and comments to 
Jean A. Webb, Secretary, Commodity Futures Trading Commission, 2033 K 
Street NW., Washington, DC 20581. Reference should be made to the CME 
option on the physical delivery Mexican peso futures contract.

FOR FURTHER INFORMATION CONTACT: Steve Sherrod of the Division of 
Economic Analysis, Commodity Futures Trading Commission, 2033 K Street 
NW., Washington, DC 20581, telephone 202-254-7303.

SUPPLEMENTARY INFORMATION: The CME physical delivery Mexican peso 
futures contract, which would underlie the proposed option, currently 
is dormant within the meaning of Commission Regulation 5.2.\1\ 
Concurrent with its application for designation as a contract market in 
the subject option, the CME submitted to the Commission for approval, 
pursuant to Section 5a(a)(12) of the Act, a proposal to reactivate 
trading in this dormant futures contract. The subject option 
designation application and the proposed reactivation of trading for 
the underlying futures contract are under review by the Division.

    \1\The CME also has applied for designation as a contract market 
in ``hybrid' Mexican peso futures and futures option contracts, 
which are currently under review by the Division. The hybrid Mexican 
peso futures contract provides for cash settlement, in contrast to 
the existing dormant Mexican peso futures contract which provides 
for physical delivery of Mexican pesos.
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    Copies of the terms and conditions of the proposed contract will be 
available for inspection at the Office of the Secretariat, Commodity 
Futures Trading Commission, 2033 K Street, NW., Washington, D.C. 20581. 
Copies of the terms and conditions can be obtained through the Office 
of the Secretariat by mail at the above address or by phone at (202) 
254-6314.
    Other materials submitted by the CME in support of the application 
for contract market designation may be available upon request pursuant 
to the Freedom of Information Act (5 U.S.C. 552) and the Commission's 
regulations thereunder (17 C.F.R. part 145 (1987)), except to the 
extent they are entitled to confidential treatment as set forth in 17 
C.F.R. 145.5 and 145.9. Requests for copies of such materials should be 
made to the FOI, Privacy and Sunshine Act Compliance Staff of the 
Office of the Secretariat at the Commission's headquarters in 
accordance with 17 C.F.R. 145.7 and 145.8.
    Any person interested in submitting written data, views, or 
arguments on the terms and conditions, or with respect to other 
materials submitted by the CME in support of the application, should 
send such comments to Jean A. Webb, Secretary, Commodity Futures 
Trading Commission, 2033 K Street NW., Washington, DC 20581 by the 
specified date.

    Issued in Washington, DC, on January 30, 1995.
Blake Imel,
Acting Director.
[FR Doc. 95-2660 Filed 2-2-95; 8:45 am]
BILLING CODE 6351-01-M